Contents

Holdings

Dow Jones Local Media Group publishes eight daily and 15 weekly newspapers in seven U.S. states. Its circulation was given in 2005 as 282,000 daily, 316,000 Sunday and 119,000 daily unique visitors on newspaper Internet sites.[2]

History

James H. Ottaway, Sr., founded the company in November 1936, when he purchased the Bulletin, a semi-weekly paper in Endicott, New York, that he converted to a daily within a year. Ottaway added the Oneonta Star in 1944, followed two years later by the Pocono Record.[1]

The company has been a seller more often than a buyer in the 2000s, however, and several observers—including the New York Post, The Boston Globe and Ottaway's own Cape Cod Times -- have speculated that News Corporation intends to sell all or part of the company in the near future.[3]

Under Dow Jones' ownership, Ottaway sold several newspapers in recent years, however, most recently in December 2006, when the company dealt nearly half its daily newspapers to Community Newspaper Holdings Inc. (CNHI) for $287.9 million (including real estate).[2]

Until December 2006, the following dailies and weeklies were also part of the Ottaway chain. They are all now part of CNHI.[2]

Also, Ottaway sold the three daily newspapers of Essex County Newspapers Inc. to The Eagle-Tribune of North Andover, Massachusetts, in 2002, for $70 million.[5]The Eagle-Tribune, along with the Essex papers listed below, was later purchased by CNHI.